Bitcoin, the largest coin by market cap, has been on an uptrend in the past week, with altcoins mirroring the bullish sentiment in the market. The cryptocurrency even crossed the $69k mark and is close to setting a new all-time high soon. Given the positive correlation between Bitcoin and altcoins, analysts expect a rally once this happens.
While the prices of Cardano (ADA) and Dogecoin (DOGE) could rally to new highs, there is a contender in town, DTX Exchange (DTX), catching the attention of investors. Analysts forecast its price could rally by 10x in the coming months from the current value of $0.08.
Cardano (ADA) is a Shadow of the Past, Says Analyst
Cardano (ADA), once one of the market leaders in layer-1 blockchains, is gradually losing its position to competitors. In a recent tweet, Negentropic said the Cardano crypto was a shadow of its past glory. New competition from Tron and Sui has affected its dominance in the market. The Cardano coin has been sluggish in the past month despite the rally in the general market.
According to CoinMarketCap, the value of the cryptocurrency has been consolidating between a narrow range of $0.33 and $0.37 in the past three weeks. The VWMA (10) and Hull Moving Average (9) display sell signals and do not favor an uptrend. Still, Cardano (ADA) founder Charles Hoskinson believes the Cardano token could flip Bitcoin. TrendRidersTR forecast the value of the cryptocurrency could jump to the $0.65-$0.70 range soon.
Dogecoin (DOGE) Leads the Bull Market, Pumps 35%
In the recent crypto market recovery, Dogecoin (DOGE) has been the standout performer. According to CoinMarketCap data, the Dogecoin price has increased by more than 35% on the weekly timeframe. Several factors affected the increase in the price of the memecoin, including Elon Musk’s recent town hall appearance supporting Donald Trump in his Presidential race.
Musk, popularly known as the DOGE Father, also expressed his desire to open a Department of Governmental Efficiency, aka DOGE. In addition, there are rumors that an ETF for the Dogecoin crypto could be launched by Grayscale soon. Dogecoin price prediction from analysts suggests that it could rally by more than 50% and jump above $0.20 if the rumors of the ETF are confirmed.
The Ultimate Trading Experience is Available on DTX Exchange (DTX)
DTX Exchange (DTX) is the best DeFi project for investors who are not completely ready to leave CEX but want to get closer to DEX at the same time. DTX Exchange combines all the advantages of both platforms and provides traders with both benefits. This means that DTX Exchange has far more assets available for trading than conventional platforms.
On the DTX Exchange, traders can access over 120,000 assets from the $714.7 trillion OTC derivatives market. They can trade stocks, CFDs, bonds, equities, crypto, forex, and commodities without any need to fill out any KYC forms. This makes DTX Exchange stand out from most centralized platforms that may take so much time to verify traders before they can start trading. The exchange can also perform 10,000 TPS using the VulcanX chain, making trading faster and more efficient, leaving behind traditional exchanges.
DTX Exchange has introduced a VIP Rebate System for traders who trade large volumes by offering them up to 3% of the platform’s fees in rebate. This incentive program demonstrates the concern of the platform for active users, unlike most typical platforms where they care much about the transactional profit and not the success of the users. DTX Exchange is in the presale phase and has raised over $5 million in funding. Its goal is to reach $10 million by the end of Q4.
Best Crypto To Invest In: Cardano, Dogecoin, or DTX
With DTX Exchange gaining more and more popularity, its possibility of a 10x price increase makes it a rival to Cardano (ADA) and Dogecoin (DOGE). This is investors’ chance to grab the DTX coin now it trades at only $0.08 in its fourth presale stage or be left behind as DTX climbs higher and higher in the coming months.
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